Alternative investment advisor Southport Harbor Associates has tapped Steven Simmons to serve as managing director and global head of sales.

Simmons is a 20-year industry vet who has participated in “significant capital raising and fund development for numerous alternative funds.” Prior to joining the Connecticut-based Southport Harbor, he served as the head of prime services and capital introductions at several boutique prime brokerages, including Maxim Group, Lighthouse Financial Group and Terra Nova Financial.

In his new role, Simmons will be involved in capital raising and fund development for a select group of alternative managers.

“Steve has successfully raised capital for several alternative strategies and is well regarded among his peers in the institutional investor community. We strongly believe his addition to the team complements Southport Harbor’s consultative approach to capital raising and fund development," said David Rondeau, managing principal of Southport Harbor Associates, in a statement.

From the current issue of

MODERN TRADER explores the effect of a potential trade war on U.S. equity markets. Will it end the bull run or will low interest rates allow U.S. equities to maintain its momentum? Read on. We also attempt to identify the key drivers of active equity hedge funds.